The world has never been more interconnected, complex, and unpredictable than it is today and this trend will only continue to accelerate through 2022.
Organizations must react quickly and effectively to these changes to remain competitive, but how do they do this? With the right digital transformation strategy, that’s how. Here are the top 10 digital transformation trends for 2022.
For those of you who are keeping up with the latest trends in the IT industry, you know that the biggest buzzword at the moment is digital transformation.
There are many discussions and articles on how to transform into a digital business, but how do you know what your company will need to focus on? How do you know which ones will be most important over the next decade?
We compiled this list of the top 10 digital transformation trends based on what we’ve seen our clients ask about, and we think these will be vital to focus on in the years ahead.
1) Blockchain
Blockchain technology is one of ten digital transformation trends to watch in 2022. Blockchain, which has been tied to Bitcoin due to its association with cryptocurrency, has numerous other practical applications that will continue to gain traction over the next few years.
No matter how you feel about cryptocurrencies (and, specifically, Bitcoin), it’s hard not to get excited about blockchain technology—the potential ramifications are immense.
2) IoT
IoT will continue to be a major digital transformation trend. Adoption of connected devices is already widespread, and IoT vendors will only continue to release more sophisticated products and services in years to come.
2022 could be remembered as one of IoT’s breakout years; businesses that didn’t look into it could later find themselves behind their competitors. In addition, security threats from IoT devices have become more common, so more companies are turning to DevOps solutions company for IT support.
3) Machine Learning
There will be more focus on machine learning and AI in digital transformation. The speed at which business is changing is growing exponentially, and many companies are turning to advanced analytics tools to help them make decisions in real-time.
In addition, as consumers continue to shift away from traditional marketing methods (such as print and television) toward digital mediums, businesses must keep up by adapting to customer needs.
Doing so not only means making your digital channels intuitive and appealing but also providing seamless cross-channel experiences using machine learning.
By leveraging predictive analytics tools—which take historical data and new information to make predictions about future outcomes—companies can create personalized experiences that best meet customers’ needs or desires.
This approach will allow firms to close deals faster while also enabling sales teams to work with current clients more effectively through ongoing education programs based on audience behaviours rather than demographic information alone.
4) Business Automation
Businesses have embraced digital transformation technologies, but many areas are ripe for further automation. One area of focus should be on automating repetitive tasks through business process management software.
This can save businesses a significant amount of time and money while boosting employee satisfaction.
Many firms will focus on these technologies in the coming years. The industry at large is often referred to as Digital Transformation.
Several digital transformation trends can help guide those new to digital transformation and seasoned professionals looking to improve their current efforts.
And no matter how well prepared you are, you’ll want to start planning your company’s efforts now as Digital Transformation looks set to continue being one of the hottest IT topics around!
5) RegTech/Regulatory Technology
RegTech, or regulatory technology, is a solution from digital transformation consulting firms to help ensure compliance with regulations.
RegTech focuses on automating and streamlining internal processes—in other words, it helps organizations be more efficient.
According to research from Accenture and EY, many RegTech users are seeing an ROI of over $30 million per year.
In essence, RegTech companies are responsible for securing high financial gains within the business industry that may have otherwise been lost through manual human error and slow processing time.
6) Artificial Intelligence
As AI technologies become more advanced, enterprise IT will use machine learning algorithms to enhance existing applications and develop entirely new ones. Big data analytics is one area that should see progress from AI in DevOps solutions companies.
The industry’s leading providers are already hard at work improving their products with smarter bots, personalized systems and real-time dashboards.
IBM claims companies will spend upwards of $1 trillion on AI by 2021, a statistic that bodes well for businesses looking to make an impact on their bottom line.
7) Cybersecurity – InfoSec/Incident Response
The demand for cybersecurity professionals is growing, and a lack of skilled professionals means InfoSec teams are burning out.
CaaS teams do not need to be fully qualified security experts; they can provide value by sharing responsibility with IT staff and managing security incidents in real-time.
However, these services also rely on safe cloud storage, so they must partner with cloud providers that guarantee encryption at rest and data protection standards across their infrastructure.
Furthermore, outsourcing these functions without adequate training or organizational support will vulnerable clients’ data.
8) Mobile Payments – Mobile Payment Systems and Best Practices
If you’re responsible for an organization that accepts payments, now is a significant time to prioritize mobile payments. In fact, it’s nearly a requirement. With consumers spending more and more of their days in a digital environment – going online rather than turning on their TVs – you might want to consider your long-term strategies for mobile payment systems. Will your business be ready?
Are customers demanding mobile payments? How easy will it be to accept them? Do employees understand how these transactions work? Do current mobile payment systems offer everything you need for your company’s future?
These are some questions worth thinking about when looking at mobile payments. Remember, though: Quick adoption can lead to quick obsolescence, so take your time.
Read up on what others have done; know why they made each decision before making changes yourself; implement one or two processes at a time; measure results; determine whether or not further change is needed. You’ll thank yourself later!
9) Cloud Security – SaaS, Paas, IaaS Security Solutions
Cloud computing offers companies a lower cost, faster solution to meet their technology demands. However, businesses are leaving themselves vulnerable to cyber threats by moving data to a cloud environment and making it accessible via the internet.
Security is an important consideration during any digital transformation initiative and must be considered when deploying a cloud-based infrastructure. SaaS, Paas and IaaS offer enhanced security measures that can protect your applications and data from outside threats while allowing employees to access applications on any device they choose.
10) Big Data – Hadoop, Spark, Data Science Solutions
Big data analysis has never been so easy. With Apache Hadoop, Spark and Data Science Solutions, all you need are data to begin discovering insights that will transform your business.
For example, suppose you are a retailer with thousands of locations in different parts of a country. In that case, you’re able to figure out what stores generate more revenue by analyzing traffic patterns or weather conditions at each store location.
By using big data tools like Spark, a retailer can pinpoint what combination of factors drive revenue in their specific industry – something that was near impossible before big data analytics became available as a service via cloud computing.
Read Also: 7 Key Blockchain Features You Should Know About in 2022
Conclusion
The world is changing every second, so watching how things are progressing is essential. At its core, digital transformation means using technology to improve how a business functions.
If you aren’t transforming your processes—and your mindset—today, then you risk falling behind. But if you make changes and understand what lies ahead for technology in general and your industry specifically, then you will excel now and into 2022 and beyond.
